$ES #ES-mini #Elliott Wave
That is potential reasonable scenario for bulls:

ES-mini 480 min chart
Price may need more time to complete the subwave (b) down shaped as a triangle.
Yesterday I noted that price dropped into the green box as expected (see chart
image.png) but it did that too fast and lacked a corrective a-b-c down structure. Sometimes, lack of that a-b-c structure is compensated by more contracting whipsaw.
To keep that scenario alive, bulls need to keep ES over 5,985.
Please note that a triangle is a pure speculation at this point. We need this leg down in a subwave -c- down to make a higher low and then another push higher in a subwav e-d- up to make a lower high.